Aster vs Kwenta Comparison
| 0% maker / 0.04% taker (USDT perps) | Fees | 0.25% - 0.3% |
AsterWinner
vs
Kwenta
Pros & Cons
Pros
- 0% maker fee on perpetuals
- Four chains — BNB Chain, Ethereum, Solana and Arbitrum — from one interface
- Collateral can keep earning yield while positions stay open
- Non-custodial with on-chain settlement
- No KYC for on-chain trading
Cons
- No EU authorisation
- 1001x leverage marketing sets an unrealistic anchor
- Liquidity thinner than the volume leaders in smaller markets
- Tax reporting rests entirely with the user
Pros
- Access to synthetic perpetuals from the Synthetix ecosystem
- More than 40 tracked assets
- Existing trading functionality retained during the transition
- Low network fees on Optimism
Cons
- No longer a standalone project — acquired by Synthetix
- The native token is set to cease to exist
- Fees of 0.25% to 0.3% per trade, far above the segment norm
- Not a sensible candidate for a fresh start
- No EU authorisation
Score Comparison
4.6Usability3.8
4.7Features3.5
4.8Fees3.0
4.3Stability3.6
3.6Support3.2
Features
- Maker fee at 0% since February 2026
- Four chains in one trading interface
- Yield-bearing collateral
- CEX-grade order-book experience
- Acquisition by Synthetix
- Token wind-down announced
- Synthetic perpetuals on Optimism
- Trading still possible during the transition
Details
AsterKwenta
| Aster (merger of Astherus & APX Finance) | Company | Synthetix (acquired Kwenta) |
| Seychelles | Headquarters | Decentralised, no registered office |